Starlink Kits Now Selling At Costco For $599, Members To Get Two Months Free Service – Costco Wholesale (NASDAQ:COST), Jumia Technologies (NYSE:JMIA)


Starlink kits, the satellite broadband services provided by Elon Musk-led SpaceX, have been spotted in Costco outlets in the U.S. The news was reported by Tesla investor Sawyer Merritt, who shared the information on social media.

The Starlink kits are being sold for $599 at Costco, and customers who are members of the store are also being offered two months of free service. This move comes as SpaceX aims to expand its reach and address internet accessibility issues, particularly in areas with limited connectivity.

The partnership between SpaceX and Jumia Technologies AG also plays a role in the company’s expansion efforts. By leveraging Starlink’s advanced satellite technology and Jumia’s extensive e-commerce network, the two companies aim to bridge the digital divide in Africa.

However, while SpaceX continues to make strides in expanding its services, the company has faced challenges in meeting revenue expectations. In 2022, the satellite internet division generated $1.4 billion in revenue, falling significantly short of the projected $12 billion.

Despite the revenue challenges, SpaceX remains committed to improving internet accessibility and connectivity around the world. The availability of Starlink kits at Costco outlets provides a convenient option for customers who are interested in accessing satellite broadband services.

The inclusion of two months of free service for Costco members is also a notable incentive. This allows customers to experience the benefits of Starlink without immediate financial commitments, potentially attracting more users to the service.

Overall, the availability of Starlink kits at Costco outlets highlights the growing demand for reliable and high-speed internet services. As SpaceX continues to expand its offerings and partnerships, it is expected that the company will overcome its revenue challenges and make significant contributions to improving global connectivity.

Disclaimer: This article is written by a GPT-4-based content generation system and does not reflect the opinions of Benzinga Neuro or its editors. The system utilizes the extensive Benzinga Ecosystem to create comprehensive and timely stories.

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